Yields of perpetual bonds issued by State Bank of India and Bank of Baroda, for instance, have gone up by as much as 80-90 basis points (bps), and top recommendation lists of most managers
The lender's home loan rates now start at 6.75 per cent and for cars at seven per cent after the revision.
Govt has appointed 14 EDs at public-sector banks; their performance will be reviewed after three years for a two-year extension
The combination of low valuations and expected improvement in financials due to lowering credit cost is driving interest
The committee in its meeting last week had approved raising up to Rs 4,500 crore through an issue of equity shares through QIP
Post results, analysts have raised Bank of Baroda's FY22 estimated price to book to 0.5x from 0.3x. This is the first valuation upgrade in nine years
Stocks of 18 of these 25 firms managed to outperform the S&P BSE Sensex on a year-to-date (YTD) basis
Nifty, Bank Nifty and Financial Nifty indices have been forming candle with the small body for the last three consecutive sessions, which indicates that bullish momentum is getting lost
In past four trading days, Nifty PSU Bank index has rallied 18 per cent as compared to a 9 per cent gain in the benchmark Nifty50
On a consolidated basis, its profit after tax stood at Rs 1,196 crore during the three months ended December, the bank said in a release
Despite interest income declining by almost 7 per cent, the lender's NII rose 8.65 per cent to Rs 7,749 crore
All that happened in the markets today
Stocks of auto companies will be in focus after the government approved a policy to scrap more than 15-year-old vehicles owned by government departments and PSUs
HSBC pegs Bank of Baroda's Q3FY21 net profit at Rs 164.1 crore, a staggering 90 per cent de-growth from September quarter's PAT of Rs 1,678.6 crore
Sebi had in August levied the fine on the three firms for failing to reduce their stakes to below 10 per cent in UTI AMC within the stipulated timeline
All customers will now have access to the bank's digital channels
For SBI, the immediate closing basis support stays at Rs 260 levels.
The heady days of setting up shop abroad by banks are over, and a nuanced and tech-based approach will be the way ahead, report Abhijit Lele and Raghu Mohan
The stock has formed a bearish Harami candlestick pattern on the daily chart which is considered as a bearish reversal pattern.
While BoB has displaced PNB in terms of loan book size, sustaining Q2 momentum is critical